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Centerpoint Energy (CNP)
NYSE:CNP
Centerpoint Energy (CNP) Stock Price & Analysis
902 Followers
CNP Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$25.42 - $31.57
Previous Close$29.02
Volume4.39M
Average Volume (3M)5.34M
Market Cap
$18.56B
Enterprise Value$37.09B
Total Cash (Recent Filing)$619.00M
Total Debt (Recent Filing)$19.14B
Price to Earnings (P/E)20.3
Beta0.58
Next Earnings
Jul 30, 2024EPS Estimate
$0.32Last Dividend Ex-Date
May 15, 2024Dividend Yield2.75%
Share Statistics
EPS (TTM)1.43
Shares Outstanding639,724,143
10 Day Avg. Volume5,996,281
30 Day Avg. Volume5,336,765
Standard Deviation0.08
R-Squared0.39
Alpha-0.00442
Financial Highlights & Ratios
Price to Book (P/B)3.60
Price to Sales (P/S)2.28
Price to Cash Flow (P/CF)6.10
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.34
Enterprise Value/Gross Profit10.06
Enterprise Value/Ebitda12.89
Forecast
1Y Price Target
$31.00Price Target Upside7.34% Upside
Rating ConsensusHold
Number of Analyst Covering5
Centerpoint Energy News
PremiumCompany Announcements
CenterPoint Energy Q1 2024 Earnings Conference Call DetailsBulls Say, Bears Say
Bulls Say
Earnings GrowthNear-term 8% EPS growth and 6-8% long-term EPS growth biased to the top end and lack of external financing makes it attractive in the utility sector.
Investment OpportunitiesHouston Electric’s System Resiliency Plan could add ~$500M of capex if approved, which may be funded with government loans or grants.
Regulatory ApprovalThe Railroad Commission of Texas approved CNP's unanimous settlement agreement in its Texas Gas rate case without modification.
Bears Say
Hurricane RiskHurricane risk remains elevated, and the company is in the midst of completing its Houston Electric rate case, making a settlement more challenging.
Regulatory ScrutinyState leadership has been highly critical of the company's storm preparedness, requiring immediate system enhancements for the utility.
ValuationOverhangs from hurricane season along with political and regulatory scrutiny may cause the stock to struggle to regain a 10%+ premium valuation.
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Ownership Overview
1.20% Insiders
45.16% Mutual Funds
24.51% Other Institutional Investors
29.14% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
ProductionRisks related to the company’s ability to manufacture goods and services
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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CNP FAQ
What was Centerpoint Energy’s price range in the past 12 months?
Centerpoint Energy lowest stock price was $25.42 and its highest was $31.57 in the past 12 months.
What is Centerpoint Energy’s market cap?
Currently, no data Available
When is Centerpoint Energy’s upcoming earnings report date?
Centerpoint Energy’s upcoming earnings report date is Jul 30, 2024 which is in 4 days.
How were Centerpoint Energy’s earnings last quarter?
Centerpoint Energy released its earnings results on Apr 30, 2024. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.528 by $0.022.
Is Centerpoint Energy overvalued?
According to Wall Street analysts Centerpoint Energy’s price is currently Undervalued.
Does Centerpoint Energy pay dividends?
Centerpoint Energy pays a Quarterly dividend of $0.2 which represents an annual dividend yield of 2.75%. See more information on Centerpoint Energy dividends here
What is Centerpoint Energy’s EPS estimate?
Centerpoint Energy’s EPS estimate is $0.32.
How many shares outstanding does Centerpoint Energy have?
Centerpoint Energy has 639,724,100 shares outstanding.
What happened to Centerpoint Energy’s price movement after its last earnings report?
Centerpoint Energy reported an EPS of $0.55 in its last earnings report, beating expectations of $0.528. Following the earnings report the stock price went down -0.276%.
Which hedge fund is a major shareholder of Centerpoint Energy?
Among the largest hedge funds holding Centerpoint Energy’s share is Bridgewater Associates, LP. It holds Centerpoint Energy’s shares valued at 6M.
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Centerpoint Energy Stock Smart Score
Unlock Smart Score
1
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5
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8
9
10
Analyst Consensus
Hold
Average Price Target:
$31.00 (7.34% Upside)
$31.00 (7.34% Upside)
Blogger Sentiment
Bullish
CNP Sentiment 100%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Increased
By 356.6K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $166.8K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days ▼ 3.1%
Last 30 Days ▲ 2.9%
Last 30 Days ▲ 2.9%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-3.31%
12-Months-Change
Fundamentals
Return on Equity
9.26%
Trailing 12-Months
Asset Growth
6.48%
Trailing 12-Months
Company Description
Centerpoint Energy
CenterPoint Energy owns a portfolio of energy-related businesses. Its regulated electric utility provides transmission and distribution services to more than 2.5 million customers in the Houston area, southern Indiana, and west central Ohio. The company has natural gas distribution systems in seven states serving approximately 4.5 million customers. CenterPoint owns approximately 54% of Enable Midstream Partners, a partnership consisting of natural gas processing and storage facilities and more than 21,000 miles of interstate, intrastate, and gathering pipelines in the midcontinent region.
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CNP Company Deck
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CNP Earnings Call
Q1 2024
0:00 / 0:00
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CNP Revenue Breakdown
46.90% Retail gas sales
42.56% Electric delivery
6.54% Retail electric sales
3.65% Energy products and services
0.36% Other
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CNP Stock 12 Month Forecast
Average Price Target
$31.00
▲(7.34% Upside)
Technical Analysis
Best Analysts Covering CNP
1 Year
1 Year Success Rate
21/27 ratings generated profit
1 Year Average Return
+13.03%
reiterated a buy rating 3 months ago
Copying Shelby Tucker's trades and holding each position for 1 Year would result in 77.78% of your transactions generating a profit, with an average return of +13.03% per trade.
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